Just be careful with the Options. I have been caught out of pocket around $100,000 because I bought the Options of a company when they were looking good only to see the company get into trouble and the Options expired two years later worthless. Sure I have bought some Options in Mantle but only a few. Not getting caught ever again. Also there are no guarantees Mantle will extend the expiry date or allow current option holders to buy the same number at a very reduced price should they not be in the money in December 2013. I used to brag all the time how you can make lots of money on Options but I am very careful these days.
Good to see this raising was not in favour of Fortrend. The board must be getting the message and are not happy with them selling either. I would rather if they are to raise funds via a placement they do it to investors who are long term or are not out to crash the share price.
MNM should now seriously consider cancelling the Fortrend Loan agreement. It was never a good idea in the first place.
MNM Price at posting:
6.1¢ Sentiment: LT Buy Disclosure: Held
